Weekly Report - 11 April 2019 (WR-19-14)

ARGENTINA | Drop in industrial and construction activity. Argentina’s national statistics and census institute (Indec) released two reports on 4 April, indicating an 8.5% fall in industrial activity and a 5.3% decrease in construction activity in February 2019 with respect to the same month of 2018. However, both industrial and construction activity showed monthly gains in January and February 2019. The industrial sector had a 4.8% monthly increase in January and a 2.4% monthly increase in February. The construction sector showed monthly expansions of 4.6% and 8.3% in January and February respectively. According to Argentina’s finance ministry, this provides evidence that the country’s domestic economy is recovering.